Jim Roberts Realty
    850 482 4635
    4207 Lafayette St, Marianna, FL

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    912-1120 THOMAS Drive Panama City Beach, FL 32408

    Main photo of property

    Coastal Palms Commercial
    MLS Number: 666930

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    • How Many Views 159 Views
    • Property Type Other
    • Square Foot of House 0 Sq Ft
    • Number of Beds 0 Beds
    • Number of Baths / 0 Baths
    • Share
    • $5,750,000


    Coastal Palms Village consists of a 16,169 rentable SF Retail Stip Center and a 6901 square feet Class A Building. The site consists of +/- 4 acres with 1150' frontage on Thomas Drive, directly across from the Naval Support System. Completed in 2008, it is Class A construction with tremendous upside. The strip center has 10 spaces and is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one-piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The 6901 square feet Class A Building has 2 spaces. The complex also has excellent signage on Thomas Drive. Current annual income is $404,607 with expenses at approximately $102,000. Current NOI is approximately $302,607. A Cap Rate of approximately

    Listing provided courtesy of Varnes Realty

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    • Architecture

      • Year Built: 2008
      • Stories: 0
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      • Square Footage: 0
      • Appliances:
      • Interior Features: Concrete
    • Property Features

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    • Community

      • HOA Includes:N/A
      • HOA FEE:N/A
      • HOA Payable:N/A
      • Elementary: Patronis
      • Middle: Surfside
      • High: Arnold

Current Data as of Sat Oct 1 18:30:30 CDT 2022
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